Investor Update: Merger

Summary by AI ^BETAClose X

Myriad Capital plc has announced an update regarding partnership discussions, confirming that Chelmer Housing Partnership Limited and Estuary Housing Association will merge to form Delta Housing Limited, with the transfer of engagements expected by April 1, 2026. The new entity will be led by Ian Green OBE as Designate Chair and Paul Edwards as Designate Chief Executive, with key executive roles filled by individuals from both existing organizations, including Neil Perrins as Designate Chief Finance Officer.

Disclaimer*

Myriad Capital PLC

16 December 2025

RNS Number: 7413L

Myriad Capital plc

16 December 2025

Myriad Capital plc

(the "Issuer")

Myriad Capital plc

£250,000,000 4.75 per cent. Secured Bonds due 2043

ISIN: XS1005023301

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA (OR TO U.S. PERSONS), AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW

Notification of Partnership Discussions - UPDATE

The Boards of Chelmer Housing Partnership Limited (CHP) and Estuary Housing Association (Estuary) have approved plans to form a new housing association, called Delta Housing Limited (Delta). The Boards decided to go ahead with the merger after considering a detailed business case, which included the findings of due diligence and feedback from a seven-week consultation with customers of both organisations.

Ian Green OBE, Estuary's current Chair, has been appointed as Designate Chair of the Board and Paul Edwards, CHP's current Chief Executive, has been appointed as Designate Chief Executive for Delta.

Delta's Designate Executive Team and Board is drawn from both CHP and Estuary's existing executive teams and boards. This includes Neil Perrins, Designate Chief Finance Officer (currently CHP's Chief Financial Officer), Michael Hadjimichael, Designate Chief People and Resources Officer (currently Estuary's Chief Finance Officer), and Rachel Hadley, Designate Chief Operating Officer (currently, CHP's Deputy Chief Executive and People and Culture Director).

The merger will be completed via a Transfer of Engagements of Estuary to CHP, and this is expected to be completed by 1 April 2026.

CHP is a community benefit society with registered number 8112.

Estuary is a community benefit society with registered number 23240R.

For further information, please contact:

Neil Perrins

Myriad Capital plc

33 Springfield Lyons Approach

Springfield

Chelmsford

CM2 5LB

Telephone: 01245 951380

Email: neil.perrins@chp.org.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END